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A closely followed crypto strategist believes that a top Ethereum ($ETH) rival could go on an explosive rally of more than 230%.
Pseudonymous analyst Inmortal tells his 213,800 followers on the social media platform X that Solana (SOL) could reach a new all-time high ($ATH) by the end of the summer.
“1. New $ATH by end of summer. 2. Cycle top around $400-$600.”
Looking at his chart, the analyst suggests Solana’s price will consolidate before breaking through the diagonal resistance toward new ATHs. Solana reached its $ATH of about $260 in November 2021.
Solana is trading for $178 at time of writing, down slightly in the last 24 hours.
Next up, the analyst says that Ethereum’s rally to kick off the week will likely propel memecoins Pepe ($PEPE) and Floki ($FLOKI) higher.
“$ETH moving gives the altcoins a free hand to move as well. $PEPE is following well and it is very likely that $FLOKI will move soon too. You know, contagion, muscle memory.”
Looking at his chart, the analyst suggests Floki could break out to $0.000340, a more than 52% gain from the current value.
Floki is trading for $0.000223 at time of writing up nearly 2% in the last 24 hours.
Lastly, the analyst believes that decentralized oracle network Chainlink ($LINK) is heading to $28 if it can hold $16 as support on the three-day chart.
“Marines ready to send it if we find acceptance above $16.”
$LINK is trading for $16.35 at time of writing, down 2% in the last 24 hours.
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